ERIC Number: ED397480
Record Type: RIE
Publication Date: 1995-Nov
Financing Education for Economic Development in [a] Cross Section of Countries.
Education is the key for economic growth and social development in developing countries. This paper presents findings of a study that analyzed the impact of overall educational expenditures on economic growth in developing nations. It also identifies the levels of education that should be allocated more public expenditures. The study used regression analysis of GNP (gross national product) data of over 140 countries obtained from the World Development Reports of 1982 and 1992 published by the World Bank. Findings indicate that the allocation of greater expenditures on education, especially on primary education, has a positive impact on countries' economic development. Three tables are included. (Contains 20 references.) (LMI)
Publication Type: Speeches/Meeting Papers; Reports - Research
Education Level: N/A
Authoring Institution: N/A
Note: Paper presented at the Global Conference on Poverty Alleviation and Social Development (Las Vegas, NV, 1995).